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Long-Term Debt and Other Financing Arrangements (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of long-term debt

Long-term debt and vendor financing consists of the following (in thousands): 

			As of:
			September 30, 2023																		December 31, 2022
			Principal Amount						Unamortized Discount and Deferred Financing Costs						Carrying Value						Principal Amount						Unamortized Discount and Deferred Financing Costs						Carrying Value
2023 Funding Agreement			$	87,730					$	11,125					$	76,605					$	—					$	—					$	—
2021 Funding Agreement			81,700						8,312						73,388						—						—						—
2023 13% Notes			205,958						16,621						189,337						—						—						—
2019 Facility Agreement			—						—						—						143,213						11,098						132,115
Vendor financing			—						—						—						59,575						—						59,575
Total debt and vendor financing			$	375,388					$	36,058					$	339,330					$	202,788					$	11,098					$	191,690
Less: current portion			32,200						—						32,200						59,575						—						59,575
Long-term debt and vendor financing			$	343,188					$	36,058					$	307,130					$	143,213					$	11,098					$	132,115

The table below outlines the components of the first draw under the 2023 Funding Agreement at funding (amounts in thousands):

Principal			$	87,730
Debt Discount - Thermo Guarantee			(6,897)
Debt Discount - Customer Relationship			(4,509)
Debt Discount - Embedded Derivative			(341)
Fair Value at Issuance			$	75,983

The table below outlines the components of the 2021 Funding Agreement (amounts in thousands):

Principal			$	94,200
Less: Amount Repaid Prior to Amendment			(6,250)
Debt Discount - Customer Relationship			(11,626)
Fair Value at Issuance			$	76,324

Schedule of short-term debt

Reflected in the table below is a rollforward of the Company's obligations under its vendor financing arrangement with MDA (amounts in thousands):

						2023						2022
Confirmed obligations outstanding, January 1, 2023 and 2022, respectively						$	59,575					$	—
Invoices confirmed during the periods						—						73,575
Confirmed invoices paid during the periods						(59,575)						(14,000)
Confirmed obligations outstanding, September 30, 2023 and December 31, 2022, respectively						$	—					$	59,575

2022

Schedule of dividends

The table below reflects the dividends approved by the Company's Board of Directors (amounts in thousands):

Payment Period

Payment Date

Payment Amount

November 15, 2022 - December 31, 2022

January 2023

$

1,337

January 1, 2023 - March 31, 2023

April 2023

2,615

April 1, 2023 - June 30, 2023

June 2023

2,644

July 1, 2023 - September 30, 2023

September 2023

2,673

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